Kingsoft Office submitted its first annual report since listing.
On the evening of March 24th, Golden Mountain Office (688111) , which was listed on the Science and Technology Innovation Board, released its 2019 annual results announcement. According to the financial report, in 2019, Jinshan Office’s full-year realized business revenue of 1.580 billion, an increase of 39.82% over the previous year; realized a net profit attributable to owners of the parent company of 401 million, an increase of 28.94% over the previous year. In the fourth quarter of 2019, Kingsoft Office revenue was 537.4 million yuan. Net profit attributable to shareholders of listed companies was 196 million yuan.
Kingsoft Office was listed on the Science and Technology Innovation Board on November 18, 2019. The company’s products mainly include WPS Office office software and Kingsoft PowerWord, etc., and can be used on many mainstream operating platforms such as Windows, Linux, MacOS, Android, IOS, etc. Application; Company services mainly include value-added services based on company products and related documents, as well as Internet advertising promotion services, providing customers with one-stop, multi-platform application solutions.
In terms of specific revenue, the financial report shows that the revenue of Kingsoft Office in 2019 will mainly come from the three business segments of office software licenses, office service subscriptions, and Internet promotion services. Among them, office software license business was 496 million, an increase of 39.41% over the previous year; office service subscription business was 680 million, an increase of 73.06% over the previous year; Internet advertising promotion business was 404 million, an increase of 5.99% over the previous year. The growth of office service subscription business mainly comes from the growth of individual customer subscription business. As of December 31, 2019, WPS office The cumulative number of paid individual members reached 1202 Million, a year-on-year increase of more than 104%.
In terms of user data, The core product of Kingsoft Office in 2019 WPS Office The monthly active user number (MAU) exceeds 411 million, and WPS Office desktop version is active monthly The number of users exceeds 154 million; the monthly active users of WPS Office mobile version exceed 248 million; the company’s other products (such as Kingsoft PowerWord, etc.) have close to 10 million monthly active users.
In addition to maintaining growth in the domestic market, Kingsoft Office also has rapid growth in the international market. As of October 2019, WPS OffIce has released more than 46 language versions, with over 100 million monthly active users of overseas terminals, covering users in more than 220 countries and regions around the world.
In terms of service area expansion, during the reporting period, Kingsoft Office established 5 new subsidiaries nationwide to build a complete sales network from the central to local counties and cities; set up 8 technical service centers (Beijing, Shanghai, Guangzhou, Shenzhen) , Zhuhai, Wuhan, Chengdu, Xi’an), service capacity covers 31 provinces and municipalities across the country. In 2019, Kingsoft Office also set up a branch in Bangalore, India, a key overseas market, and set up an office in Delhi. During the reporting period, the number of monthly active users in India exceeded 38 million.
In terms of expenditure, Jinshan Office’s R & D expenses in 2019 accounted for 37.91% of its total operating income. In 2019, it applied for 245 invention patents.
According to the financial report, in 2020, Kingsoft will further enhance the expansion and service capabilities of head customers such as government and large and medium-sized enterprises in government and corporate affairs, and promote customer cloudification; personal value-added services will continue to increase The stickiness of users; the advertising business should reduce the interruption to users and improve the user experience while improving the monetization efficiency of advertisements.